AI technology investments increasingly commonplace among large insurance brokers

AI Technology - Insurance Brokers - Commerical Insurance - Tech Image

Big commercial brokers are seeking to stand out from their rivals through high tech enhancements. AI technology has considerable appeal to large commercial insurance brokers. After all, these firms transact with multiple distributors and carriers and want to stand out. The marketplace is competitive and artificial intelligence, among other cutting edge tech, may make a difference. Other areas where brokers are differentiating themselves include workflow tools and analytics. This was among the findings in a new Business and Technology Trends: Large Commercial Brokers report. Novarica issued the report. It offers…

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Liberty Mutual Insurance rereleases webinar about worker compensation cost management through predictive modeling

Liberty Mutual Insurance has announced that they will be rereleasing a webinar for commercial insurance agents, brokers, and buyers, so that they can better comprehend the vital role played by predictive modeling in being able to best manage the total cost that stems from workers’ compensation claims. The insurer made the decision to rerelease the webinar following a large amount of demand and interest. Liberty Mutual has now placed the webinar on its website so that those who missed the December’s event when it was originally hosted, will be able…

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As commercial insurance quote comparisons rise, so does the popularity of fleet coverage

The number of consumers seeking commercial insurance quotes in the European marketplace seems to be steadily increasing, and the fleet auto insurance sector is aimed toward a worth of over €18 billion in four years. Finaccord has released the results of its research which has indicated that fleet insurance is now one of the major sectors of the European insurance market, just like property insurance. Regardless of the narrow levels of growth between the years 2007 and 2011, the data produced by the research from Finaccord has indicated that there…

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